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We report results from experimental first-price, sealed-bid, all-pay auctions for a good with a common and known value. We observe bidding strategies in groups of two and three bidders and under two extreme information conditions. As predicted by the Nash equilibrium, subjects use mixed...
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what they think they are tasked with in the experiment. Adding a second auction that has a context drastically reduces the …
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Multi-battle team contests are ubiquitous in real-life competitions. All temporal structures of multi-battle team …
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. Whichever team arrives first at a given lead in terms of battle victories over the opponent wins the tug of war. There exists a …
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